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Grocery-Anchored Retail Center For Sale
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11-26 Village Lane, Shelbyville, KY 40065

94,588 SF shopping center anchored by Save-A-Lot.

Property SizeContact for details
Days on Market285

Property Features for 11-26 Village Lane

General Information

Standard status Active

Properties For Sale

at 11-26 Village Lane Contact us

20A Village Plaza

Size
7,354 SF
Type
Neighborhood Center
Term
Negotiable
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Listed By: Jamie Adams, SIOR, CCIM · License #KY #216464
Source: Naiglobal
Added: Nov 21, 2025 Changed: Aug 8 Last Checked: May 11 at 7:20AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jamie Adams, SIOR, CCIM

Investment Insights

Based on property information with market context.

Village Plaza is a 94,588 SF neighborhood center in Shelbyville. The center is anchored by Save-A-Lot and features a mix of national, regional, and local tenants. Opportunities are available for lease within the center, with spaces ranging from 5,301 to 7,354 SF. The property has good visibility and multiple access points from Midland Trail (US 60) and Mack Walters Road. It is located at a signalized intersection. Traffic count of 20,398 VPD on Midland Trail in front of the center. Shelbyville is strategically located on I-64 between Louisville, Frankfort and Lexington. Shelby County ranked No. 1 for the most housing unit growth in the Louisville Metro statistical area and No. 4 in all of Kentucky with a 13.2% increase, which is about 2,200 houses, from 2010 to 2020, according to U.S. census.

Key Highlights

  • Grocery‑anchored neighborhood center with national and regional tenants.
  • High visibility and multiple access points on Midland Trail (US 60).
  • Located at a signalized intersection of Midland Trail (US 60) and Mack Walters Road.

Property Analytics

Current Use

Strip malls

Suggested Use

Top Pick Law Firm Real Estate Agency Hair Salon Spa & Massage Center Electrical Service Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

695
Businesses Nearby
103k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 51% Dining 26% Home Improvements & Furnishings 9% Electronics 7%
Thorntons Shops & Services
17,192 visits/mo 0.4 miles
Speedway Shops & Services
12,758 visits/mo 0.2 miles
Harbor Freight Tools Home Improvements & Furnishings
8,798 visits/mo 0.1 miles
Dunkin' Donuts Dining
8,006 visits/mo 0.2 miles
The UPS Store Shops & Services
7,143 visits/mo 0.1 miles

Demographics for 40065, KY

32,729
Population
12,943
Households
2.5
Avg Household Size
37
Median Age
28%
College-Educated
85%
High-School Grad
167.5 sq mi
ZIP Area
195
Density / Sq Mi
$76,813
Median Household Income
$40,767
Median Earnings
$1,002
Median Rent
$254,200
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Strip mall - 94,588 SF shopping center anchored by Save-A-Lot.
Where is this strip mall located?
The property is located at 11-26 Village Lane Shelbyville, KY.
What are key features of this property?
This property features: Grocery‑anchored neighborhood center with national and regional tenants.; High visibility and multiple access points on Midland Trail (US 60).; Located at a signalized intersection of Midland Trail (US 60) and Mack Walters Road.
More about this property
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